Investor advocate ISS urges approval of OSI deal

ROCKVILLE Md. Proxy vote advisor Institutional Shareholder Services recommended that shareholders of Outback Steakhouse parent OSI Restaurant Partners Inc. vote to approve the company's pending $3.2 billion going-private buyout.

ISS said "strategic action is justified" given the restaurant company's "track record of deteriorating performance, loss of market share and management missing analysts' and internal estimates" since 1998. It also cited "lack of

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